Saudi Arabia’s Ninth Wave of Phase 2 E-Invoicing Integration: Criteria and Deadlines

• Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) announced criteria for taxpayers in the ninth wave of Phase 2 e-invoicing integration.
• Taxpayers with a taxable turnover exceeding SAR30 million in 2021 or 2022 are included in this wave.
• These taxpayers must integrate their electronic invoicing systems with ZATCA’s e-invoicing platform, Fatoora.
• The deadline for compliance with Phase 2 requirements is from June 1, 2024, to September 30, 2024.
• E-invoicing in Saudi Arabia was introduced in December 2020 in two phases.
• Phase 1 mandated the generation of e-invoices and e-notes, while Phase 2 required integration with ZATCA and transmission of e-invoices and e-notes.
• The first eight waves of Phase 2 had previously been communicated to resident businesses.
• Taxpayers in the ninth wave should follow ZATCA’s notifications and adapt their IT systems to comply with Phase 2 requirements.
• Compliance is important to avoid potential penalties.
• Taxpayers outside the first eight waves should monitor ZATCA announcements for relevant integration timelines.

Source: tpa-global.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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